Here are some more highlights of the Alberta Budget 2017: - To help Albertans reduce their carbon footprint and energy costs, the Energy Efficiency Alberta programs was launched, with an estimated $566 million in funding over 3 years to deliver a variety of programs and services for energy efficiency and small scale renewables. - Budget 2017 has committed $14.5 million to hire 35 crown prosecutors and an additional 30 court support staff to help address court pressures. - Budget 2017 has committed $826 million for employment and income support. - The Alberta Child Benefit will provide $174 million in 2017-18 with...

The Government of Alberta recently released its 2017 budget which focuses supporting changes to make life more affordable for Albertans, creating jobs and building a diversified economy and protecting and improving the services and supports that make a difference in the lives of Albertans. Here is an overview of the highlights and changes to revenue and expenditures in this year’s provincial budget. - Provincial revenue is projected to be $45 billion for 2017-18. Revenue comes from sources such as taxes, non-renewable resource revenue, federal transfers and investment income. - Deficit is expected to be at $10.3 billion. - Provincial debt climbs...

Let’s look at more tax credits that Alberta offers for this tax year. - Political contribution tax credit: You can claim this credit if you contributed to a registered Alberta political party, a registered candidate or a registered constituency association in an election held under the Election Act for this province or a registered Alberta political party that has nominated a candidate or a registered candidate in an election held under the Senatorial Selection Act for this province. - Provincial foreign tax credit: If your federal foreign tax credit on non-business income is less than the related tax you paid to...

Tax rates for Alberta for the tax year 2016 are as follows: - 10% on the first $125,000 of taxable income, + - 12% on the portion of taxable income more than $125,000 but not more than $150,000, + - 13% on the portion of taxable income more than $150,000 but not more than $200,000, + - 14% on the portion of taxable income more than $200,000 but not more than $300,000, + - 15% of taxable income over $300,000. Alberta offers credits which further reduce your amount of provincial tax payable. Here are some of them: - Alberta additional tax...